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Securities Exchange Board of India (SEBI)

July 10, 2015
1. Requirements specified under the SEBI (Share Based Employee Benefits) Regulations, 2014 The Securities Exchange Board of India (SEBI) vide its Circular No. CIR/CFD/POLICY CELL/2/2015 dated June 16, 2015 has specified certain processes/disclosure requirements under the SEBI (Share Based Employee Benefits) Regulations, 2014. The following necessary guidelines are being issued:
  • Regulation 3(3) - Minimum Provisions in Trust Deed
  • Regulation 5(3) - Terms and Conditions of schemes to be formulated by the Compensation Committee
  • Regulation 6(2) - Contents of the explanatory statement to the notice and resolution for shareholders meeting
  • Regulation 10(b) - Information required in the statement to be filed with Stock Exchange(s)
  • Regulation 10(c) - Format of notification for issue of shares
  • Regulation 14 - Disclosures by the board of directors
  • Regulations 16(2) and 23(3) - Disclosure Document
2. Database for Distinctive Number (DN) of Shares The Securities Exchange Board of India (SEBI) has vide its circular CIR/MRD/DP/ 10 /2015 dated June 05, 2015 made certain recommendations with regard to database for Distinctive Number (DN) of Shares.
  • Since share capital reconciliation of the entire issued capital of the company is a mandatory requirement under Regulation 55 of the SEBI (Depositories & Participants) Regulations, 1996, the Depository System Review Committee (DSRC) constituted by SEBI recommended that the depositories may maintain complete reconciled record of total issued and listed capital, including both physical and dematerialized shares.
  • In order to ensure centralised record of all securities, it has been decided that the Depositories shall create and maintain a database of distinctive numbers (DN) of equity shares of listed companies with details of DN in respect of all physical shares and overall DN range for dematerialised shares.
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